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International Accounting Standards - What´s Happening?
Under a strategy adopted by the Financial Reporting Council[1] in July 2002, the Australian Accounting Standards Board (AASB) is obliged to work towards the full implementation of the International Accounting Standards (IAS) (now known as International Financial Reporting Standards (IFRS)[2]) in Australia. This strategy was also set out in the CLERP 9 proposals[3]. All European Union countries were similarly committed.
Australia
23 Nov 2004
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